Hines and partners Westdale Real Estate Investment and Management and Ivanhoé Cambridge have completed the purchase of a land parcel at 2700 Commerce Street in Dallas’ booming Deep Ellum neighborhood, just east of the city’s CBD. The property will be developed into a 16-story, mixed-use building with 15,000 square feet of prime street-front retail and approximately 200,000 square feet of state-of-the-art office space. Hines and Ivanhoé Cambridge are concurrently in pre-development for another creative office building in Denver’s hot RiNo neighborhood.
Founded in 1873, Deep Ellum is known for brick-layered industrial architecture, mural-clad streetscapes and a highly walkable environment teeming with more than 60 authentic restaurants and bars, experiential retail, and 20-plus live music venues. Unique for its sophisticated grit and candor, Deep Ellum has been the city’s hub for music and art throughout its history. Today, the area is the largest entertainment district in the Southwestern United States.
The partnership worked with 5G Studio Collaborative to design the unmatched, next-level development built to embrace Deep Ellum’s undeniable edge. The building is stacked in both its distinguishable appearance and offers — hence its name. At ground-level, brick and grit will blend seamlessly with the neighborhood while the workspace above epitomizes innovation, function and style. The cutting-edge design will empower the business savvy, creating a first-class office experience in Dallas’ most energetic neighborhood. The Stack embodies workflow and lifestyle in Dallas, together for the first time, in a class AA building.
The partnership is targeting both LEED Core and Shell and WELL certifications for The Stack, and at completion, the project will be one of Dallas’ first new construction projects to receive WELL certification. Additional sustainability measures/amenities for tenants will include electric vehicle (and potentially scooter) charging stations, an expansive 10th floor amenity terrace overlooking the Dallas skyline, state-of-the-art fitness center, state-of-the-art bicycle storage and ‘end of trip’ facilities, coffee/cocktail lounge, concierge package delivery, and more. The true amenity is the location, which will give tenants more than 75 options (and growing) for breakfast, lunch, happy hour and dinner, plus 18,000 square feet of ground floor one elevator stop away.
